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HomeGovernment CodeDiv. 5Ch. 2Art. 2§ 45342 City Employee Pension Contributions

§ 45342 City Employee Pension Contributions

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 45342 City Employee Pension Contributions

Key Takeaways

  • •The city and workers must both pay into the retirement fund.
  • •The amount they pay is based on a percentage of their paychecks.
  • •The percentages can only change if the retirement system's experience shows it's needed.

Example

A city worker gets a paycheck every month.

Both the worker and the city must put some money from each paycheck into the retirement fund. If the fund isn't doing well, they might have to change how much they put in.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 45342 City Employee Pension Contributions

Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the city and the employee members of the system which shall be based on percentages of pay roll to be changed only by adjustments on account of experience under the system. (Added by Stats. 1949, Ch. 79.)

Last verified: January 22, 2026

Key Terms

retirementemployeepensionexperience

Related Statutes

  • § 45341 City Employee Pension Plans
  • § 45301 City Retirement System Authority
  • § 45309 Pension Benefit And Contribution Rules
  • § 45310 Retirement Benefits For Prior Service
  • § 45344 Employer Prior Service Contributions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 45342.
View Official Source